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Title 7: SNAP Page 6 Iowa Department of Health and Human Services Employees’ Manual Chapter D: Resources Countable Resources Revised September 27, 2024 Comingled Funds Commingled Funds Legal reference: 7 CFR 273.8(f) When excluded funds are commingled in an account with countable funds, the excluded funds retain their exclusion for six months from the date they are commingled, with the exception of: ▪ Income that has been prorated, such as self-employment. This type of prorated income remains excluded as a resource for the entire period of time it is prorated. See 7-I, Self-Employed Households. ▪ Earned income tax credits (EITC). EITC is excluded for a specific period of time, regardless of whether the money is commingled in an account with countable funds. See Earned Income Tax Credits (EITC) for the period of time that EITC is excluded. Determining the Equity Value of a Resource Legal reference: 7 CFR 273.8(c) Count the equity value of countable resources toward a household’s applicable resource limit. The equity value of a resource is the fair market value minus the amount owed on the resource. See Vehicles later in this chapter for information on determining the resource value of vehicles. Excluded Resources Legal reference: 7 CFR 273.8(e) Some resources are always excluded in determining SNAP eligibility. Achieving a Better Life Experience (ABLE) Accounts 7 CFR 273.8(e)(2)(ii) Exclude the value of ABLE accounts, which are tax-favored savings accounts established to provide secure funding for disability-related expenses. Burial Plot 7 CFR 273.8(e)(2) Exclude one burial plot for each household member. Burial Trusts 7 CFR 273.8(e)(2) See Funeral Agreements.